Search results for: settlement

1617 results

A list of search results

  • 11 July 2016
    Business & Finance

    Two final freight forwarding companies, which were sued for allegedly being involved in price fixing, have now reached settlements and agreed to establish a USD 53.5 million settlement fund. The companies in question are DHL Global Forwarding and Hellmann Worldwide Logistics, according to the law firms of Gustafson Gluek PLLC; Cotchett, Pitre & McCarthy, LLP; Lockridge Grindal Nauen P.L.L.P.; and […]

  • 27 September 2018

    Brazilian oil giant Petrobras has reached non-prosecution settlements with the U.S. and Brazilian authorities, agreeing to pay a combined total of $853.2 million in penalties to resolve the U.S. authorities’ investigation into violations of the Foreign Corrupt Practices Act (FCPA).

  • 24 November 2015

    MacGregor, a Finland-based provider of offshore vessel equipment, has reached a settlement agreement which will cost it eleven million euros. According to Cargotec, MacGregor’s parent company, the settlement has been reached with a customer related to a development project from 2011. The company did not name the client, nor the project involved. “Cargotec will book EUR 11 […]

  • 18 December 2014
    Business & Finance

    Acting Attorney General John J. Hoffman and Department of Environmental Protection (DEP) Commissioner Bob Martin have announced that a Superior Court judge has approved a $190 million settlement with Occidental Chemical Corp. that resolves the company’s liability for contamination of the Passaic River. Approved by Superior Court Judge Sebastian P. Lombardi on Tuesday, the Occidental […]

  • 2 September 2014
    Business & Finance

    Halliburton announced that it has reached an agreement to settle a substantial majority of the plaintiffs’ class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico. The approximately $1.1 billion settlement, which includes legal fees, is subject to approval by the United States […]

  • 15 October 2019
    Business & Finance

    Dredging in the Settlement Shores canal system will begin in November this year to address areas where the depth has been impacted by sedimentation, tidal movements and boat wash, Port Macquarie-Hastings Council reports.  The dredging will ensure the canal system continues to be safe to access for the boating public, whilst also preserving the shoreline […]

  • 22 August 2018
    Business & Finance

     ConocoPhillips has signed a USD 2 billion settlement agreement with PDVSA.

  • 7 September 2016

    Singapore’s offshore vessel supplier Pacific Radiance has reached a settlement with two Chinese shipyards regarding a dispute over construction contracts for two platform supply vessels (PSVs).  To remind, in June 2016, Pacific Radiance’s wholly owned subsidiary Pacific Crest issued notices of arbitration against Shanghai Waigaoqiao Shipbuilding & Offshore Co., Ltd., and China Shipbuilding Trading (Shanghai) Co., Ltd. arising […]

  • 10 April 2020
    Business & Finance

    Seismic players ION Geophysical and WesternGeco have reached a settlement of the decade-long patent litigation regarding lateral streamer positioning. The parties have signed a deal where WesternGeco will permanently dismiss the pending lawsuit, grant ION a license to the patents and lift the injunction preventing ION from manufacturing DigiFIN in the United States. In exchange, […]

  • 2 September 2014
    Business & Finance

    Halliburton today announced that it has reached an agreement to settle a substantial majority of the plaintiffs’ class claims asserted against the company as a result of the April 20, 2010 Macondo well incident in the Gulf of Mexico. The approximately $1.1 billion settlement, which includes legal fees, is subject to approval by the United […]

  • 24 November 2015
    Business & Finance

    Finnish cargo-handling machinery maker Cargotec has, through its MacGregor business, reached a settlement agreement with an undisclosed client and will book EUR 11 million (USD 11.7 million) cost. MacGregor and the customer have agreed not to disclose further details on the issue nor on the settlement, however the company said that the agreement is related to a development […]

  • 20 June 2017

    Brazil’s state-run oil company Petrobras has settled a dispute with the Vanguard Group, one of its largest shareholders. Petrobras said on Monday its board had approved the settlement, resolving an action brought by Vanguard before the Federal Court of Pennsylvania in the U.S. According to the Wall Street Journal, the settlement resolves Vanguard’s losses stemming […]

  • 11 August 2017

    SBM Offshore has executed a settlement contract with an extended group of primary layer insurers for the Yme platform that was recently removed from the Norwegian sector of the North Sea amid structural stability concerns. The execution follows SBM’s announcement in July, regarding the reaching of Heads of Terms related to the settlement of SBM’s claims […]

  • 3 December 2012
    Business & Finance

    EPA has reached a settlement with two related companies for reimbursement of EPA’s past costs for the remediation of contamination at the Whitman Cistern Site, located in Whitman, Mass. The settlement, recently lodged in U.S. District Court, requires Brown Shoe Co. Inc. and Brown Group Retail, Inc. to pay $450,000. The Site is an undeveloped […]

  • 8 June 2017
    Business & Finance

    Porto Sudeste do Brasil, a private port terminal in Ilha da Madeira, Brazil, has agreed with Usinas Siderúrgicas de Minas Gerais SA, a unit of Brazilian steelmaker, to settle a USD 62.5 million litigation. The litigation relates to a contract entered into in February, 2011 for the use of port facilities to move iron ore. As […]

  • 11 October 2012
    Business & Finance

    The Department of Justice, on behalf of the U.S. Environmental Protection Agency (EPA), along with the Massachusetts Attorney General’s Office, on behalf of the Massachusetts Department of Environmental Protection, have reached a settlement with AVX Corp. for $366.25 million plus interest regarding the New Bedford Harbor Superfund Site, in New Bedford, Mass. The settlement paves […]

  • 4 March 2012
    Business & Finance

    BP has reached a settlement with the Plaintiffs’ Steering Committee (PSC), subject to final written agreement, to resolve the substantial majority of legitimate economic loss and medical claims stemming from the Deepwater Horizon accident and oil spill. The PSC acts on behalf of individual and business plaintiffs in the Multi-District Litigation proceedings pending in New […]

  • 29 May 2017

    Primeline Energy has now completed all the procedures under the recently agreed settlement agreements relating to the disputes with Zhejiang Gas and China Oilfield Service Ltd (COSL). As previously announced on March 1, settlement agreements were signed between Primeline and CNOOC China Ltd (CCL) and CCL with Zhejiang Gas relating to the dispute Primeline had […]

  • 28 May 2012
    Business & Finance

    Lantern Maritime Company and PT Berlian Laju Tanker Tbk announce that they have reached a settlement which will bring to an end all litigation and disputes between them in respect of the Chem Ranger (formerly MT Wilutama) and, more recently the MT Partawati. The terms of the settlement agreement are confidential but center on the […]

  • 4 October 2013
    Business & Finance

    Polarcus Limited (“Polarcus” or the “Company”)refers to the stock exchange notification of 16 August 2013 regarding the lawsuit filed by WesternGeco L.L.C. (“WesternGeco”) against Polarcus. Polarcus announces that the Company has entered into a settlement with WesternGeco concerning the lawsuit filed by WesternGeco against Polarcus Limited and Polarcus US Inc for alleged patent infringement through […]

  • 19 October 2016
    Exploration & Production

    Oil and gas company Niko Resources has reached a settlement agreement with offshore drilling contractor Diamond Offshore over drilling contracts for the pair of semi-submersible rigs Ocean Lexington and Ocean Monarch.  Niko hired Diamond’s semi-sub Ocean Monarch in 2011 for a four-year term with the option of one additional year. The contract started in 2012 […]

  • 21 May 2015

    WorleyParsons has reached a settlement of a dispute with Exxon Mobil Corporation, as operator for, and on behalf of, the Sakhalin-1 Consortium in Russia. The settlement resolves a dispute pertaining to work provided by WorleyParsons and its affiliates to ExxonMobil for the Sakhalin-1 Arkutun-Dagi project’s offshore platform. According to WorleyParsons, the settlement has led to normalization […]